INSIDE MALAYSIA: Ringgit Touches 2-Month High Before Trade Data
By Ron Harui
April 5 (Bloomberg) -- Ringgit rises 0.3% to 3.0699 per dollar after earlier touching 3.0685, highest since Jan. 30, before data that may show trade surplus widened.
* Malaysia’s trade surplus expanded to 5b ringgit in February from 3.27b ringgit in January, according to median estimate of economists in Bloomberg survey; data due out at 12:01pm
* A flood of money out of Malaysia should reverse, easing inflows into Thailand, Eastspring Investments and Societe Generale SA said, as Prime Minister Najib Razak looks set to remain in power after elections
* Ringgit has gained 0.8% this week, most since 5-day period ended Jan. 11; USD/MYR’s 14-day RSI is at 30.3, just above oversold threshold of 30
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